Angela pays $5.00 in total for 5 shares. Essay Fountain - Custom Essay Writing Service - 24/7 Professional … (Outstanding electricity expense of 1,000 recorded) Example Step 2 – Paid outstanding electricity expense of 1,000. The customer charges a total of $252 on credit ($240 + $12). Accounting for Unpaid Share capital - Mazars - Thailand Where any paid up share capital is being reduced the liability on the shares, for instance, a share of Rs. Improper reporting of debt b. First of all we will put together all the transcations which we are going to put in the journal book as journal entries. The share capital will be present in the balance sheet under the equity section. Increase its share capital by making fresh issue. 4 paid up. The entry is: 4. The customer charges a total of $252 on credit ($240 + $12). Contributed capital is an element of the total amount of equity recorded by an organization. [Q1] Owner invested $700,000 in the business. This would be recorded as a debit entry in the account of bank of ABC ltd and a credit in the share capital account each for £250000. … Journal Entry for Prepaid Expenses Disposal of Capital Reduction Account (With Journal Entries) The Authorised Capital to be restored to: 30,000 Preference Shares of Rs. Journal entries giving effect to the capital reduction. Accounting For Ordinary Share Capital | Simplified